Monero Reaches 24 Hour Trading Volume of $24.15 Million (XMR)

Monero (CURRENCY:XMR) traded down 14% against the U.S. dollar during the twenty-four hour period ending at 16:00 PM E.T. on December 26th. One Monero coin can now be bought for approximately $45.28 or 0.01235394 BTC on popular cryptocurrency exchanges including Bisq, LiteBit.eu, Bithumb and Instant Bitex. During the last week, Monero has traded 9.3% lower against the U.S. dollar. Monero has a market cap of $756.14 million and $24.15 million worth of Monero was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

Bytecoin (BCN) traded down 9.7% against the dollar and now trades at $0.0007 or 0.00000018 BTC.

Boolberry (BBR) traded 3.6% higher against the dollar and now trades at $1.05 or 0.00028569 BTC.

DigitalNote (XDN) traded 16.3% lower against the dollar and now trades at $0.0010 or 0.00000028 BTC.

BitNewChain (BTN) traded up 19.6% against the dollar and now trades at $0.0330 or 0.00000900 BTC.

Aeon (AEON) traded 9.4% lower against the dollar and now trades at $0.26 or 0.00006996 BTC.

BitTube (TUBE) traded 13.3% lower against the dollar and now trades at $0.0276 or 0.00000753 BTC.

Stellite (XTL) traded 4.6% lower against the dollar and now trades at $0.0003 or 0.00000007 BTC.

UltraNote Coin (XUN) traded down 30.1% against the dollar and now trades at $0.0002 or 0.00000006 BTC.

Karbo (KRB) traded down 7.2% against the dollar and now trades at $0.0666 or 0.00001816 BTC.

Sumokoin (SUMO) traded 12.4% lower against the dollar and now trades at $0.0353 or 0.00000964 BTC.

Monero Coin Profile

XMR is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded on June 2nd, 2014. Monero’s total supply is 16,697,487 coins. Monero’s official Twitter account is @monerocurrency and its Facebook page is accessible here. The Reddit community for Monero is /r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.monero.cc. Monero’s official message board is forum.getmonero.org.

According to CryptoCompare, “Ring Signature The Basics In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members’ keys was used to produce the signature. For instance, a ring signature could be used to provide an anonymous signature from “a high-ranking White House official”, without revealing which official signed the message. Ring signatures are right for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature can be improvised (requires no prior setup). Application to Monero A ring signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a “ring” of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. So, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Monero given that every transaction output has plausible deniability (e.g. the network can not tell which outputs are spent or unspent). To read how Monero gives you privacy by default (unlinkability), see stealth addresses. “

Monero Coin Trading

Monero can be bought or sold on the following cryptocurrency exchanges: Bisq, BitBay, OpenLedger DEX, Bitbns, Exmo, Nanex, Cryptopia, Waves Decentralized Exchange, Exrates, LiteBit.eu, Trade Satoshi, Huobi, Bittrex, SouthXchange, B2BX, Bithumb, CoinEx, Graviex, OKEx, Upbit, Coindeal, Binance, Coinut, Tux Exchange, Gate.io, TradeOgre, Crex24, BTC-Alpha, Stocks.Exchange, Bitlish, Instant Bitex, Livecoin, Bitfinex, Poloniex, Ovis, Kraken, DragonEX, Coinbe, BTC Trade UA, Coinroom, Braziliex, HitBTC, Cryptomate, Liquid and Mercatox. It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using U.S. dollars. Investors seeking to trade Monero should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Monero using one of the aforementioned exchanges.